Tag Archives: bidding

Saudi Arabia has made a $1 billion bid for a broad partnership with South African state-owned defense group Denel that would include acquisition of a minority stake in a joint venture with Germany’s Rheinmetall (RHMG.DE), a source familiar with the offer said. Currently heavily dependent on imports, Saudi Arabia, the world’s third-largest defense spender, is seeking partnerships to …

The four to five months before summer next year — that’s when the flood of new projects will start hitting the UAE construction sector, according to a top official at Khansaheb Civil Engineering. And this momentum will be enough to carry the sector well into 2020. “We all know the …